Since we are now crossing into Sep, I will assume your comment was intended to report a first week of Sep date for RU 9. I am not sure of your sources and their validity, but I have high dollar cost rumors that say the exact opposite is true. Maybe I just frequent better/upscale pubs for my rumors? I suspect your rumor came from Hall, as the company continues to interview for his replacement. Look for initial company reporting on RU 9 in late Sep and it will be one of those teasing reports that tout more zones to be checked out. Different sources use different terms to describe what may be in the hole. Some terms used are potential pay zones, Hydrocarbons behind the pipe, shows, hydrocarbons in the core. It all comes down to how much in what form and in what strata. MILL has claimed RU 9 is a great well, but also couched their predictions/descriptions in terms that carry no legal meaning. Be very careful when thinking RU 9 will make you a fortune. Bryan, I am a bit surprised that you post such a loose set of words. Can you put some parameters/qualifications/ limits on biggest well ever? I can say without a doubt, that there are wells drilled in the past that produced thousands of times the figure you indicate, and some were even drilled in CI back in the day.
Thanks, Rocky, Being stable is half the game! I digress for a personal note: Rock, you are one of the most respected posters on this board, respected by both long and short holders and by those who potentially will become long or short. You can post without regard to your ego. Sam use to be that way, but over the last year he has changed dramatically. Sam just refused to be wrong. I suspect because he holds MILL long at a big loss and has bought on the way down chasing his beliefs. There is nothing wrong with that, except, do not try to convince others that all is rosy and everything MILL says or does is great, H^ll we get enough of that from pinny. I am laying in the cut with some ideas on the touted MILL infrastructure when that topic returns to the top of sam's and pinnys "12 good things about MILL" list!
I am in awe, mopman has once again exceeded his level of competency, he has finally figured it out, likely by applying his unique, and as yet unpublished, form of logic I think, called: the inductive reductive conductive convoluted random pattern of low intelligence run wild! And after several months of study, he has concluded, what every one else already knew on this board [sic] verado and rocky are one in the same. The rumor is that mopman, as a reward for having figured out such and astounding reality, was assigned to mop the front entrance to his employer's (Walmart) store where all the public could see him up close and possibly get his autograph! He is such a fine man, makes his wife proud and his kids??? you know, momma's baby, daddy's maybe, also somewhat proud. I can't put him on ignore, he is just to much fun.
Personally I would describe the current chart as determined liquidation or even doggedly determined liquidation. In at 5.40 out at 5.20 and low volume, what in G^d's name makes you think anyone is accumulating this POS? Once a moron, always in all ways, a moron!
It would be unique if MILL having sold D and paying an effective rate of 11.5% were to then buy their common. I agree the boys ought to put their own cash into the common. The real case seems to me to be one of distribution (hire MZ to push it out the door/suck in newbie longs and push to get the price above their current option strike price), get as much stock out as possible. There will be no more than token stock buying by insiders ever in MILL. Why buy anyway when you can get all the milk free through the fence, just get grants of shares and options on shares. every little while..
The biggest gainer was 2B, need I remind you that 2B is just 1 1/2 months old producing according to the charts (a lot to start then off the cliff), and like old manz the man said, everybody knows those initial production levels can not be sustained and can drop as much as 75%, so my call for 2B for Aug is about 15K for the entire month, down 5K, Sword will drop below 15K. I will let you continue to be surprised by the other well results.
exactly, down 3% on the month when you realize Jun was 30 days and July 31. Let's go figure, 3 % a month is 36% a year! Sam, I lost respect for you when you played a game with which numbers to trust and which to use, in reference to the AK production numbers from the state official records. First you used only one set (the individual well numbers/figures), then you claimed to use only the recap numbers as being more accurate and correct when I slammed production decreases, and now your back to going with the individual well data. Actually you jump in and post from the first data released if you think the data is good news, and then you delay and straddle the fence if the data is bad. I don't know if you even realize that you do it, but nah, you know you do. It is self serving. I am also self serving, but I never deny data and use under handed attempts to avoid the truth. Do I need to cut and paste your posts that illustrate what I am saying? A simple admission from you, that all AK data released by the state is the same in the end, no matter which of the five tables you select it from, might restore a tiny bit of the integrity you have lost over the last several months..
Sleeping fool, I suggest you spend more time looking at OCF and less time looking at EBITDA, maybe refresh your memory on just what both terms mean/imply! A quick C&P from investors dictionary shows...Factoring out interest, taxes, depreciation and amortization can make even completely unprofitable firms appear to be fiscally healthy. A look back at the dotcoms provides countless examples of firms that had no hope, no future and certainly no earnings, but became the darlings of the investment world. The use of EBITDA as measure of financial health made these firms look attractive. ... I have referred board readers to MILL's annual report and suggested a hard look at the items MILL includes in their calculation of EBITDA. Yes, an eye opener. EBITDA is nonstandard non GAAP and gives the individual company plenty of room to hang themselves. If your playing the EBITDA game, you need only re-look the dotcoms and know MILL is using the same strategy. Do you even have a clue as to MILL's OCF, yes, Alice the wonderland does have limits!
July 2014 and we are at only 2930 BOPD oil CI total. This production includes all of sword and WM 8, the only potential oil production currently drilled is RU 9. The 2930 a day wont cut it for long with the current debt/dividend load and the NF contract fast running down. If, as I have forecast, RU 9 is marginal or less, MILL is in serious trouble. I can deduce that the sudden urge to sell the D was driven by pending bad news from RU 9??
mantz, you must be stone cold high on something. FACTS: MILL has claimed a 10% decline rate on everything they own from day one until the presentation on 14 August 2014. Now they are telling a more honest tale, but still trying to hide behind terms like usual normal and statical rates of decline for various stages in a well's life cycle. The real and honest and only truth is to be found by using MILL's own production numbers and determine the production decline rates for our self. Only MILL bandied the 10% rate, intelligent people could give a rats butt about normal, charts, stats that speak of well in general terms, we use MILL's own records. Read MILL's web site, 2013 presentations and see where they tout their low decline rates for the entire fields of RU and WM, then try to come back here and post your #$%$ with a straight face. Wake up and read the truth in the numbers, even Sam agrees production is down total from all wells by giant percentages. More holes still less oil, the new wells are the only reason production is where it is, the original holes are fast going dry. Mantz, to get production, you got to have oil in the ground to pump, MILL's supply is running out, face the reality of holding your losing position, and I suggest you even double down!
For sure for sure mop man, after I lost my job working with you on the janitorial crew over at walmart, I am doing great. I got my food stamps coming in monthly, I got my section 8 housing all set up, and my disability check started last month as a result of that crippling mental disorder I got from being around you. Who would have thunk it, mental disorder being contagious and all. It sure shocked me to. Tell your old lady hi for me and be sure and tell I I really did enjoy that three some all did. I hope the kids are fine and working hard to over come their mental deficiencies inherited from your side of the family along with the social adjustment problems. Did you get a pay raise yet? I figured you was in line after you gave the head cashier that BJ in the men's room. I still admire the way yo used those orange cones to block everybody from coming in there while you all did your thing. Mop man, that was great, pure genius. I did cut cross the college place once trying to do a bunch of lie for the h^ll of it. I tried to go to college campus, but could not pass grass and trees 101. I passed sidewalk and buildings ok but got stumped on them hard stuff. Bad news on welfare, and you need to learn my lesson before you apply, I got turned down for welfare, I had 14 dollars cash saved and that disqualified me. Why you up and ask about me doing xii grade, I done told you twice I got twenty years education, yes me and billy joe got the same 20 years, you was there, you know we both did mrs trite 's tenth grade twice. count em up ten and ten is twenty aint it??? thanks for keeping the floors clean over at the store and write when you have something to say, and between us bros that blonde headed baby of yours with the blue eyes that looks a lot like me, well he aint mine, but I would do some studying over at the kroger store about that produce clerk?? You know what I mean?.... Mop man, you make life fun! Honestly, tell the board, are you #$%$?
Any company can spend any amount of money in CI and get tons of credit for their efforts, but if they do not find oil, their portion of the costs are gone down the bore hole. MILL has poured a lot of money down the hole!
The state loves to get credit for being forward in their thinking, but underneath, they want companies to spend billions total to produce gas and oil worth millions, and AK enjoys the jobs and ultimately controls the disposition of the gas and oil. AND the state will provide for the retail user over any other use of the products.The state realizes that the inlet is nearly dry, but the state is not going to tell MILL the truth! The state is getting a partner that pays the bills up front. It is a good deal for Alaska. Alaska has one big pot of money and they will push cash as credits to entice drilling in hopes of someone somewhere finding some oil/gas. The state needs gas in the inlet and they have found a way to increase production. Kitchen lights is expected to have a total cost including lift and royalty of less than 2.50, putting NF into the category of expensive inlet gas. Whose gas do you think Enstar will be using soon? To be honest, the state of AK operates in its own interest and could care less about the MILL stake holder or any other company, once MILL crashes and fold with 500 million in expenditures, who is the real gainer? ALASKA, and then they will just seduce another company to come in!e
To my original reason for posting, I am going to figure out how to make the ignore feature work, and put tootsa on ignore, something I have never done with a real poster. Will someone please notify me if tootsa ever posts any real information/comment/critique? Thanks Ver
It will all end in a crash without there are major changes. Absent those changes, this stock is a short sellers answer to the most fervent prayer one can make. It should not be longs vs shorts, but stake holders vs seemingly corrupt, power hungry greedy insider management.
I think this poster has a sever case of indigestion likely from his long holding in MILL bought at 8.60 a share. This entity has made 102 posts over the last year and has NEVER posted information. This poster uses poor grammar, poorer language and touts without facts MILL while trying to put other poster down by vulgar attacks. This is the poster who said a few days ago with oil at 104, oil going to 300! Right! This poster has predicted 14 times over the last two months that MILL was going to rocket higher the very next day. I understand wanting a long position to go higher. A short position to go lower, but surely this poster can contribute more than trash and litter to the board. I slam other posters when appropriate in responding to their attacks on me, but I tend to leave the neutrals alone and I even, grudgingly, give respect to intelligent longs who make good/valid/ factual points. This tootsza poster is a loser and has nothing to say. I suspect that that poster is holding a big % lost in MILL. I use % because I also suspect that poster owns no more than 100 shares. What you write says a lot about yourself, and this posters posts tells us, LOSER!!! I have often felt I should post this, so I am doing it now....The longs are cast against the shorts on the board with the longs spending way to much time being critical of the shorts. The real facts are, the longs should be slamming away at the management of the company The stock price is a DIRECT reflection of their actions/inactions. With decent qualified management in place this stock would be 20 a share and I would NEVER consider shorting it period! The shorts are here because the writing is on the wall. Mill keeps doing the same thing the same way and they keep losing until it all collapses. Ego and the quest for power has no place in a corporation's management structure. I think the word I should use is GREED, MILL management is greedy, for both money and power.